
Cyber threat from suppliers is underestimated
Find out why companies with Russian business connections should be particularly vigilant and how to determine whether your company’s cyber protection is adequate in this article.
For a long time, the Society for Worldwide Interbank Financial Telecommunications (SWIFT) operated primarily as a secure communications channel for banks’ international payment transactions. This is still the case today. Internationally, practically no money can be moved without the SWIFT system. Currently, about 11,000 banks and financial institutions are connected to the SWIFT payment traffic and together move about six trillion U.S. dollars per day.
A successful hacker attack, in which criminals managed to break into a bank’s internal system and were then able to make transfers using the secure SWIFT network, made SWIFT realize that it must also ensure sufficient security within its affiliated banks.
Our certified experts will be happy to conduct the external SWIFT-CSCF assessment for you.
Contact us!SWIFT users are required to submit their self-certifications of compliance with mandatory and, where applicable, recommended security controls to an independent audit by the end of 2021. What this means for you as a SWIFT user is that you will need to demonstrate an independent audit based on CSCF v2021 by the end of next year. The SWIFT network has extended the deadline due to the Corona pandemic. We would be happy to advise you on this.
Consileon is listed by SWIFT* and can perform the mandatory, independent SWIFT assessment for you. Please do not hesitate to contact us.
Consileon is listed by SWIFT*. You will receive the following services from us:
We are your partner for external assessment and CSCF certification.
As a SWIFT auditor, we help you raise your operational cyber security to the necessary standard for SWIFT.
We design the IT architecture of your SWIFT Secure Zone with you.
We work with you to establish a robust cyber incident response process that can withstand today’s threats.
We conduct red teaming exercises. This means that we carry out controlled attacks on your IT systems to uncover security vulnerabilities.
*Disclaimer: SWIFT does not certify, warrant, endorse or recommend any of the service providers listed in the Directory. SWIFT customers are not obligated to use the providers listed in the directory.
After a year of parental leave in Taiwan, Jan returned last year with a new topic: cyber security. Its importance is not yet high enough in German companies, as Jan finds. Using the latest tools and techniques, Jan is doing everything he can to make customer communications and IT systems in German companies more secure.
+49 152 22877905
jan.oetting@consileon.de
*Disclaimer: SWIFT does not certify, warrant, endorse or recommend any of the service providers listed in the Directory. SWIFT customers are not obligated to use the providers listed in the directory.
Our expert will advise you in detail.
Find out why companies with Russian business connections should be particularly vigilant and how to determine whether your company’s cyber protection is adequate in this article.
Consileon’s head of cyber security, Jan Oetting, suspects that one pillar of critical infrastructure in particular is at risk: communications and media. He explains here why we should protect this area particularly well against hacker attacks.
Jan Oetting is considered a SWIFT expert and has already spoken recently about the consequences of Russia’s possible exclusion from the global financial communication system SWIFT. This interview looks at the dangers of Russian cyber attacks.